Larry Kudlow was calm, collected and optimistic as he did a round of interviews on Sunday TV news shows

A sharp drop in consumer confidence in July, and a long drawn-out trade war with China have been undermining investors confidence

Out-of-left-field statements from President Trump have exacerbated concerns

WASHINGTON, DC - U.S. President Donald Trump's chief economic adviser has ridiculed the idea that the country is facing a recession.

After an extraordinary week of volatility, marked by a roller-coaster run on stocks exchanges, including an 800 points drop by the Dow Jones, and a drive to safe-haven currencies amidst plunging bond yields, Larry Kudlow was calm, collected and optimistic as he did a round of interviews on Sunday TV news shows. He talked with NBC's "Meet the Press" and "Fox News Sunday."

"No, I don't see a recession," he told the networks. "We're doing pretty darn well in my judgment. Let's not be afraid of optimism."

A sharp drop in consumer confidence in July, and a long drawn-out trade war with China have been undermining investors confidence.

Out-of-left-field statements from President Trump have exacerbated concerns. Sudden announcements of new trade tariffs, then taking them off the table only to have them re-imposed - and then delayed - in part, have caused confusion and led to concerns a deal will not be done.

Another topic that came up Sunday was the recent idea circulating that President Trump wants to buy Greenland.

Asked by Dana Perino who was standing-in for regular host Chris Wallace, "If you get asked to go do a survey about purchasing Greenland, can i go with you?," Kudlow quipped: "Maybe I will run the central bank."

"Years ago, Harry Truman wanted to buy Greenland. Denmark owns Greenland. Denmark is an ally. Greenland is a strategic place up there and they've got a lot of valuable minerals. I don't want to predict it now."

"I'm just saying the president, who knows a thing or two about buying real estate, wants to take a look at a potential Greenland purchase," he said.

Kudlow, 71, spent many decades in the financial sector, rising to become chief economist at Bear Stearns.